Logo for "INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC"

INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

Indianapolis, IN, US
501(c)3
EIN
35-6013771
Logo for "INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC"

INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

Indianapolis, IN, US
501(c)3
EIN
35-6013771

Overview

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Est.

1957

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Indianapolis Motor Speedway Foundation Inc is a nonprofit organization dedicated to celebrating the innovation, thrill, and cultural significance of racing at the Indianapolis Motor Speedway while preserving its historical legacy, particularly that of the Indianapolis 500. With an operating budget of $5.3 million and total revenue of $8.5 million for the 2024 fiscal year, the foundation is supported by multiple significant funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.imsmuseum.org.

Mission Statement

TO CELEBRATE THE INNOVATION, THRILL, AND CULTURAL SIGNIFICANCE OF RACING AT THE INDIANAPOLIS MOTOR SPEEDWAY AND PRESERVE THE HISTORY BEHIND THE INDPLS MOTOR SPEEDWAY AND INDPLS 500.
Revenues

$8.5M

Expenses

$5.3M

Net Income:
+$3.1M
Assets

$80.3M

Liabilities

$13.2M

Net Assets:
+$67.1M
Operating Budget

$5.3M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

15

Median grant size
$21K
Largest grant received
$1M
J
John Joseph Hale Jr
Board Member
M
Marlyne Sexton
Board Member
S
Scott Borchetta
Board Member

Frequently Asked Questions

What is INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC’s budget?
In 2024, INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC reported an annual operating budget of around $5.3 million. More detailed financial information is available to registered users.
What causes does INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC support?
INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC supports work in Foundations.
Where does INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC operate?
INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC is headquartered in Indianapolis, IN.
Who funded INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC recently?
In 2024, INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC received grants from THE DYSON FOUNDATION, UNITED WAY OF VOLUSIA-FLAGLER COUNTIES INC, and Bill Simpson Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC received in 2024?
The largest grant to INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC in 2024 exceeds $1 million.
Overview
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